Oil export revenues are up 23% y-o-y, and the Opec+ agreement will cause further gains. But how much can Muscat ramp up output from its ‘difficult’ fields? 

Having kept crude and condensate output at an unusually consistent 970,000 b/d since the Opec+ ‘declaration of cooperation’ deal took effect in January 2017, last week’s decision to reduce over-compliance means Oman has freedom to increase output (MEES, 22 June).

The Joint Ministerial Monitoring...